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Investment Property Springvale, VIC, 3171

Suburb Snapshot

Springvale is a suburb in the Greater Dandenong Region of Victoria. Springvale has a population of 21,713 people and 34.30% of its occupants live in rental accommodation. The median listing price for houses is $815,000 and this has changed -0.61% over the past year and changed -4.12% over 2 years.

The median rent in Springvale for houses is $510 per week and the median rental yield is 3.25%. Stock on the market for houses/townhouses has changed -10.00% compared to last year and the average time to sell a house/townhouse is 171 days.The median listing price for units is $464,500 and this has changed -3.23% over the past year. The average unit takes 150 days to sell and the median rent for a unit in Springvale is $430 per week, producing a rental yield of 4.81%.

Supply & Demand in Springvale, Greater Dandenong

0.69%

Current vacancy rate


59

Rental stock available


21,713

Population


34.30%

Rental population


0.81%

Current vacancy rate


525

Rental stock available


152,051

Population


31.54%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Springvale, Greater Dandenong

  House Townhouses Units
Median listing price $815,000 $680,000 $464,500
Median price change - last quarter -1.83% -1.45% 0.00%
Median price change - 1 year -0.61% -1.45% -3.23%
Median price change - 2 years -4.12% 0.00% 3.22%
  House Townhouses Units
Median weekly rent $510 $645 $430
Median yield % 3.25% 4.93% 4.81%
Median rent change - 1 year 6.25% 10.25% 13.15%
  House Units
Previous month sales 10 2
Stock on market previous month 99 36
Stock variance vs. last year -10.00% -20.00%
Average days on market 171 150

Springvale investment property listings

Showing 5 of 162 investment properties found in Springvale on realestateinvestar.com.au

3/65 Balmoral Ave, Springvale

$550,000

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ULTIMATE EASE AND EVERYDAY CONVENIENCE

Right in the vibrant heart of Springvale, this superbly positioned unit places every essential and lifestyle amenity at your doorstep. From the buzzing retail and dining scene of Springvale Shopping Centre to fresh food markets, medical and banking services alongside seamless public transport, the ...

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VIC 3171


19 Kallista Rd, Springvale

$960,000

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HUMBLE BEGINNINGS, BIG POSSIBILITIES!

Supremely located in a highly sought-after pocket, this humble abode presents an exceptional opportunity to reimagine, rebuild or redevelop (STCA). Set within a thriving and well-connected neighbourhood, its prized address places residents within walking distance of Springvale's vibrant shopping, ...

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VIC 3171


25/949A Heatherton Rd, Springvale

$500,000

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PRIVATE AND PEACEFUL OPPOSITE BURDEN PARK

Welcome to this peaceful, low-maintenance home. With its own street frontage, this rare offering enjoys secure front and rear yards, two bedrooms with built-in robes, a central bathroom, a lock-up garage, and an additional car space. The generously sized living room is filled with natural light ...

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VIC 3171


2/47 Albert Ave, Springvale

$580,000

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Prime Location & Peaceful Living in the Heart of Springvale

Inactive Body Corp. Positioned in a highly sought-after pocket of Springvale Central, this well-presented villa unit offers unbeatable convenience just moments from Springvale Shopping Centre, vibrant dining options, schools, medical facilities, churches, public transport, and major road ...

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VIC 3171


3/3 View Rd, SPRINGVALE

$350,000

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The Brief: Urban ease for convenience seekers and commuters

It's Addressed: Delivering endless potential for first homebuyers, downsizers and investors alike, this quiet lifestyle unit resides within easy walking distance of Springvale's vibrant heart, providing access to diverse grocery stores, cosmopolitan restaurants and city-bound trains. Featuring a ...

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VIC 3171


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